IFC Invests in Turkiye's Beko to Boost Sustainability and Innovation
Turkey, Dec. 22 -- IFC signed a €100 million sustainability-linked loan agreement with Beko, a global leader in home appliances. The IFC loan, Beko's first ever sustainability linked loan, will help the company expand its renewable energy capacity, strengthen earthquake resilience, and drive innovation through research and development (R&D) in its operations across Turkiye.The newly secured financing will facilitate the ongoing operation of Beko's two solar power plants dedicated to renewable energy use and strengthen six production facilities which will improve resilience against potential earthquake damage. The financing will also help the company invest in R&D to support digitalization and development of next generation eco-efficie...
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